Madhya Pradesh wholesale markets wear deserted look on day 1 of GST

Indore: Wholesale markets across Madhya Pradesh saw a thin footfalls on Saturday following confusion over the duty structure under the goods and services tax (GST) regime.

“The wholesales traders and customers in Madhya Pradesh are confused over GST as they don’t have any knowledge on GST levies on different goods,” Ahilya Chamber of Commerce and Industry president Ramesh Khandelwal told a news agency.

As a result, he said wholesale markets wore a deserted look on Saturday.

He anticipated the slump to continue for a week or so as wholesale businessmen are rookies to GST. Besides, Khandelwal said rural wholesale markets too are not abreast with the new taxing regime.

Madhya Pradesh Dal Udyog Mahasangh president Suresh Agrawal said pulses attract 5 per cent levies under GST. This has hit the sale of branded pulses.

After Maharashtra, Madhya Pradesh is the biggest

producer of pulses in the country.

However, Commercial Tax Department deputy commissioner D Sharma claimed that 2.72 lakh business establishments out of the 3.10 lakh registered units have already been linked to GST.